U.S. Agency Carefully Optimistic On Bakken Deposit
One of the most extensive oil deposits in the world—the huge Bakken Formation— underlies North Dakota and Saskatchewan. The Bakken holds up to 500 billion barrels of oil, double the proven reserves of Saudi Arabia. But it lies in thin, shallow shale formations that are hard to drill and don’t flow readily. Is the Bakken America’s energy independence; a dire threat of global overheating; or just expensive holes in the ground?- Thursday, April 24, 2008